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CCQ-1991 - Civil Code of Québec

Section 1271
Disposition versions

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1271. A personal trust constituted for the benefit of several persons successively may not include more than two ranks of beneficiaries of the fruits and revenues, in addition to that of the beneficiary of the capital; it is without effect with respect to any subsequent ranks it might contemplate.
Accretions of fruits and revenues between co-beneficiaries of the same rank are subject to the rules of substitution relating to accretions between co-institutes of the same rank.
1991, c. 64, a. 1271; I.N. 2014-05-01.
1271. A personal trust constituted for the benefit of several persons successively may not include more than two ranks of beneficiaries of the fruits and revenues exclusive of the beneficiary of the capital; it is without effect in respect of any subsequent ranks it might contemplate.
Accretions of fruits and revenues between co-beneficiaries of the same rank are subject to the rules of substitution relating to accretions between co-institutes of the same rank.
1991, c. 64, a. 1271.
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